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Singapore Distillate Stocks Hit Two-Year High

OIL PRODUCTS

Singapore’s Middle Distillate Stocks surged to a two-year high of 10.42m bbl, amid falling fuel exports from the hub, according to Argus.

  • Gasoil exports in the week to Nov. 15 hit a six-week low of 1.78m bbl, based on data from enterprise Singapore. Australia and the US were the top export destinations. Imports also fell, with China the main supplier.
  • Jet fuel exports fell by 50%, although imports were at almost zero during the week.

Source: ArgusMedia

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